TD Bank CEO wants U.S. to curb high frequency trading

Reuters – Toronto-Dominion Bank Chief Executive Ed Clark said on Thursday [April 3] he believes high frequency trading (HFT) gives an unfair advantage to some market participants and wants curbs by U.S. regulators.

HFT, in which sophisticated computer programs are used to send high volumes of orders to make markets or capitalize on price imbalances, has been criticized by some for giving HFT firms an unfair advantage over traditional traders.